Debit Card Routing: Where the EFT Debit Networks Go Next
- Date:May 11, 2020
- Author(s):
- Sarah Grotta
- Research Topic(s):
- Debit
- PAID CONTENT
Overview
The EFT or PIN debit networks have lost transaction volume to the global networks as new payment standards continue to be introduced.
EFT debit networks will always play a critical role in the payments industry, guaranteed by the merchant routing choice rules of Regulation II (Debit Card Interchange Fees and Routing). The question remains if they will strike out in new directions, find new uses for their networks, and flourish.
Book a Meeting with the Author
Related content
Beyond The Card: Preparing for the A2A Economy
Account-to-account payments will grow in importance, but they are unlikely to displace cards as the dominant retail payment method in the U.S. because consumers remain attached to ...
Debit Network Control: The Battleground Is No Longer Just Rates
Debit networks are being reshaped by regulation, shifting transaction mix toward e-commerce and digital wallets, and increased competition extending into card-not-present environme...
Debit Payment Data: A Business Strategy, Not Just an Initiative
Data is the most important tool for financial institutions to make strategic decisions and forecast the future. By organizing payment and customer data across systems, banks can cr...
Make informed decisions in a digital financial world